National Association of Realtors (NAR)


DEFINITION of 'National Association of Realtors (NAR)'

A national organization of real estate brokers. The National Association of Realtors was created to promote the real estate profession and foster professional behavior in its members. The association has its own code of ethics that it requires its members to adhere to.

BREAKING DOWN 'National Association of Realtors (NAR)'

The National Association of Real Estate Brokers has over 600,000 members nationwide. It has 50 state associations as well as a number of affiliate organizations.

  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. Multiple Listing Service (MLS)

    A service provided by a group of real estate brokers. They band ...
  3. Condominium

    A large property complex that is divided into individual units ...
  4. Real Estate Investment Group

    An organization that builds or buys a group of properties and ...
  5. Real Estate Limited Partnership ...

    A limited partnership entity organized to invest in real estate. ...
  6. Property

    1. Anything over which a person or business has legal title. ...
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